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11moIIMA Ventures to Fund 30 Deep-Tech Startups
- IIMA Ventures, in collaboration with Sidbi, plans to invest in 30 deep-tech startups from a ₹40 crore fund.
- The platform has already funded 5-7 startups and aims to allocate the remaining funds within the next 18 months.
- Funded startups include Morphing Machines, Nabhdrishti Aerospace, and Cancrie, with an average investment of $200,000 each.
- IIMA Ventures focuses on pre-seed and seed-stage investments, emphasizing deep tech, digitisation, and climate tech.
- The initiative has supported nearly 400 startups to date and expects 4-6 exits by the end of 2025.
Source: Business Insider
11mo ago

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